NEW DELHI: Segregated Funds Group, the real estate-focused risk capital arm of Jones Lang LaSalle (JLL) India, has invested Rs. 24 crore in a residential project in Bangalore, the first such transaction made by the globalreal estate services firm’s India unit from its maiden private equity fund. The investment has been made in a housing project situated near Marathahalli in Bangalore, with r...

The National Capital Region has seen plenty of alterations in its urban landscape over the last four decades. It is interesting to see this metamorphosis from one consolidated region to a number of smaller self-sustaining urban pockets. The first Master Plan of Delhi was prepared in 1958 emphasising on the requirement of planned development in the region. It was this plan that recommended a statut...

Mumbai-based Lodha Developers has become the new owners of Macdonald House in central London after the company bought the prime property, which currently houses the Canadian High Commission, for $530 million. Canada’s High Commissioner to the UK, Gordon Campbell, confirmed on Thursday night that legal contracts have been exchanged for the sale of 1 Grosvenor Square for 530 million Canadian d...

Launch of new homes dropped by 12 per cent to over 1.72 lakh units so far during this calendar year in the eight major cities due to cautious approach by developers in view of slowdown in demand, according to global property consultant Cushman & Wakefield. National capital region (NCR) saw a decline of 33 per cent in new launches this year at 38,411 units compared with 57,098 flats in the year...

Qatar Investment Authority (QIA), the sovereign wealth fund of the gas-rich Gulf emirate, is in talks to invest $200 million in residential property in India, a source with direct knowledge of the matter told Reuters. QIA is holding “conversations” with Kotak Realty Fund, run by Kotak Mahindra Bank, which would manage the investments on behalf of the fund, said the source, who asked no...

The Indian real estate sector continues to be a favoured destination for global investors. The urban population will surge in the coming years, which, coupled with growth in employment, education and health care, will push the demand for residential and commercial space. Urbanisation has been rapid in the past few years, with ‘upwardly-mobile’ buyers keen to invest and reap dividends f...

The Reserve Bank of India (RBI) hiking the key policy rate will hit property sales, particularly in the residential segment, real estate developers said while expressing disappointment at the move. RBI raised the key policy rate by 0.25 per cent to 8 per cent in a bid to curb inflation, a move that may translate into higher EMIs and push up the cost of borrowing for the corporate. Realty firms and...

London’s booming housing market is rising at an unsustainable rate, the UK’s largest property website warned on Monday, with the average asking price of a home in the capital surging by more than £50,000 last month. Such is the acceleration in the capital’s property market, according to Rightmove, that many buyers will need help from deep-pocketed parents despite the expansion of...

I often say to people “which market?” because there are multiple markets within Australia, there are multiple markets within each capital city. I’ll talk and drill down into the different price ranges, the different geographic locations, the different style of property. But generally speaking, Australia is in a pretty good state. We’ve been through a few tough years like th...

Experts discuss best budget homes in Noida and Pune under Rs 45 lakh and high-end options in Mumbai and Chennai over Rs 1 crore. They also tell you some smart investment options in Indore with a budget of Rs 24 lakh.

The National Capital Region has seen plenty of alterations in its urban landscape over the last four decades. It is interesting to see this metamorphosis from one consolidated region to a number of smaller self-sustaining urban pockets. The first Master Plan of Delhi was prepared in 1958 emphasising on the requirement of planned development in the region. It was this plan that recommended a statut...